Friday, July 29, 2011

Brazil "alarmed" at IMF risks over Greek Bailout 2.0

One report of many confirming my headline above is here. In this same source we learn that the representative for India on the IMF Executive Board, Arvind Vermani, which met informally on the second Greek bailout, read here, is on the record as stating

"I am not convinced [the plan] addresses the basic problem of liquidity versus solvency."

Note particularly this end statement from the first of the two links above:

The board is heading into a three-week recess, so no formal meetings are scheduled.

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